3i Group (LON:III) Shares Down 17.4% – What’s Next?

3i Group (LON:III) was down 17.4% during trading on Friday . The stock traded as low as GBX 3,295 and last traded at GBX 3,360. Approximately 7,001,480 shares changed hands during mid-day trading, an increase of 31% from the average daily volume of 5,335,145 shares. The stock had previously closed at GBX 4,069.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on III shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Citigroup lifted their price objective on 3i Group from GBX 5,000 to GBX 5,150 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, UBS Group reaffirmed a “buy” rating and issued a GBX 4,700 target price on shares of 3i Group in a research note on Friday, November 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 4,816.67.

3i Group Stock Down 2.6%

The business has a fifty day moving average of GBX 4,156.52 and a 200 day moving average of GBX 4,135.13. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20. The firm has a market cap of £32.24 billion, a P/E ratio of 6.29, a P/E/G ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last posted its earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. On average, equities research analysts predict that 3i Group will post 622.7106227 EPS for the current year.

Insiders Place Their Bets

In other news, insider Simon Borrows purchased 30,000 shares of 3i Group stock in a transaction dated Thursday, November 13th. The shares were bought at an average cost of GBX 3,367 per share, with a total value of £1,010,100. Insiders have acquired 30,007 shares of company stock valued at $101,039,647 in the last quarter. Company insiders own 2.14% of the company’s stock.

About 3i Group

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.